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Bloomberg US consumer debt increased by the most in five months in April and topped estimates, suggesting more upbeat sentiment among Americans is supporting borrowing and spending. Total credit expanded $17.5 billion from the prior month following an upwardly revised $11 billion gain in March, Federal Reserve figures showed. Revolving debt outstanding increased the most since November while non-revolving credit ...

Bloomberg Ford Motor Co. is planning to close a UK engine factory as the last major step in an overhaul of its unprofitable European operations. The Bridgend, South Wales plant, which employs about 1,700 workers, builds engines for several Ford models in Europe, including the Fiesta and B-Max. Its future became uncertain 18 months ago when Jaguar Land Rover said ...

Bloomberg Boris Johnson ramped up his campaign to become Britain’s next prime minister, vowing to take the country out of the European Union with or without a deal on October 31 and promising to hold onto money owed to the bloc until terms of the divorce become more favorable to the UK. In an interview with the Sunday Times, Johnson ...

Bloomberg Kazakhs are voting in presidential elections that were called after longtime ruler Nursultan Nazarbayev stepped down following three decades in power. Seven candidates are competing to become only the second president of central Asia’s largest energy producer since it gained independence from the former Soviet Union in 1991. Polling, which began on Sunday and was expected to close at ...

Bloomberg President Donald Trump’s deal with Mexico to get help on the border in exchange for withdrawing the threat of US import tariffs got a quick thumbs-down from Nancy Pelosi. The House Speaker released a statement saying Trump had “undermined America’s preeminent leadership role in the world” by hanging the threat of tariffs over Mexico. “We are deeply disappointed by ...

Bloomberg Former Vice President Joe Biden and Senator Bernie Sanders of Vermont led the field of 2020 Democratic presidential candidates in a poll of Iowa voters likely to participate in the first nominating contest, still almost eight months away. Biden has the support of 24 percent of likely participants in the Iowa caucuses. He’s followed by Sanders at 16 percent. ...

Bloomberg Justice Ruth Bader Ginsburg hinted that sharp divisions will mark the final weeks of a Supreme Court term that will include major rulings on the census and partisan gerrymandering. Speaking before the annual conference of federal judges in New York, Ginsburg suggested that more than a quarter of the court’s remaining 27 rulings will be decided by a single ...

Bloomberg Germany’s Green Party has a three-point lead over Chancellor Angela Merkel’s Christian Democrats in the first national opinion poll since the country’s junior coalition chief resigned. The Greens stayed at 27 percent, while Merkel’s CDU-CSU alliance lost three percentage points at 24 percent, according to the Forsa GmbH poll, reported by German broadcasters RTL and n-tv. The country’s Social ...

We may be on the cusp of an upheaval in global trade. Since World War II, the international trading system has operated on the premise of “most favoured nation (MFN),” meaning that concessions granted to one country must be extended to all countries in the system. The trade standoff between the United States and China suggests that this approach is ...

There’s a question that anyone who watched Mario Draghi’s press conference must ask themselves: Should we look at the European Central Bank’s (ECB) slightly guarded official position or listen to the more dovish messages from the president? The answer will determine one’s confidence about central bank’s ability to fight a new euro zone slowdown. It might also influence whether that ...